Company Overview - Zhejiang Haosheng Electronic Technology Co., Ltd. officially listed on the Beijing Stock Exchange on July 19, 2023, becoming the first company in Jiaxing to do so[5]. - The company specializes in the research, production, and sales of micro speakers, receivers, and other acoustic components, as well as audio systems[23]. - The company has a total of 98 million ordinary shares outstanding[23]. - The company’s major shareholder is Jiaxing Ruiheng Investment Co., Ltd.[24]. - The company has engaged Lixin Certified Public Accountants for auditing, which issued a standard unqualified opinion on the financial report[12]. Financial Performance - The company's operating revenue for 2023 was ¥640,822,392.70, a decrease of 4.24% compared to ¥669,209,468.93 in 2022[30]. - The net profit attributable to shareholders increased significantly by 157.12% to ¥168,082,901.29 from ¥65,371,571.96 in the previous year[30]. - The gross profit margin for 2023 was 12.81%, down from 18.55% in 2022[30]. - Total assets increased by 21.11% to ¥1,121,116,900.24 from ¥925,707,520.64 at the end of 2022[32]. - Total liabilities decreased by 27.38% to ¥438,573,122.96 from ¥603,965,952.75 at the end of 2022[32]. - The net assets attributable to shareholders rose by 112.14% to ¥682,543,777.28 from ¥321,741,567.89 at the end of 2022[32]. - The basic earnings per share for 2023 was ¥2.01, an increase of 125.84% from ¥0.89 in 2022[30]. - The cash flow from operating activities was ¥37,880,816.18, a decrease of 76.84% compared to ¥163,574,760.83 in 2022[32]. - Non-recurring gains and losses totaled ¥184,763,273.82 in 2023, significantly higher than ¥8,901,763.24 in 2022[38]. Capital and Fundraising - The company raised 215.6 million yuan from its IPO, with 142.72 million yuan allocated for expanding production capacity of micro-acoustic components and 50 million yuan for working capital[51]. - As of December 31, 2023, 38.85% of the raised funds, totaling 74.86 million yuan, had been utilized for the planned projects[51]. - The company has secured various loans from Shanghai Agricultural Bank, with a total loan amount of 10,000,000 RMB at an interest rate of 4.00%[158]. Research and Development - The company obtained 4 new patents during the reporting period, bringing the total to 64 patents, including 4 invention patents and 60 utility model patents[51]. - The company is focusing on R&D of new materials and products, aiming for thinner, lighter, and higher-quality mid-to-high-end products, which received positive feedback from customers[51]. - R&D expenditure for the period was 25,377,250.52, representing 3.96% of operating income, an increase from 3.75% in the previous year[96]. - The company is developing several new products, including a waterproof speaker for smartwatches and a high-sensitivity speaker for smartphones, which are expected to enhance its market presence in these segments[99][100]. Market and Sales - The company achieved operating revenue of 640.82 million yuan, a year-on-year decrease of 4.24% due to a slow recovery in downstream consumer electronics market demand and weak overseas market demand[49]. - Domestic sales revenue increased by 1.17% to ¥538,640,762.15, while overseas sales revenue decreased by 25.30% to ¥102,181,630.55[76]. - The company plans to adjust product pricing to stabilize market share amid slow recovery in downstream consumer electronics demand[77]. Corporate Governance - The company held three shareholder meetings, five board meetings, and four supervisory meetings in 2023, ensuring compliance with legal requirements[52]. - The company has established an investor relations management system to ensure timely information disclosure and protect investor rights[53]. - The board of directors consists of 9 members, while the supervisory board has 3 members, and there are 3 senior management personnel[168]. Employee and Talent Management - The total number of employees increased from 1,233 to 1,243, with a net addition of 10 employees during the reporting period[177]. - The company has implemented a performance-linked compensation management system to enhance employee efficiency and retention[178]. - The company continues to participate in talent exchange events to recruit fresh graduates and skilled professionals[178]. Risks and Challenges - The company has identified significant risk factors in its management discussion and analysis section, which investors should be aware of[15]. - The company acknowledges risks from macroeconomic downturns and rising raw material prices that may impact business expansion and operations[119]. - The electric sound industry faces challenges such as intense market competition and issues related to intellectual property protection and international trade[114][115]. Sustainability and Social Responsibility - The company emphasizes the importance of social responsibility, ensuring compliance with laws and protecting the rights of shareholders, employees, suppliers, and customers[110][111]. - The company is dedicated to sustainable development and environmental protection, managing waste and emissions effectively[112].
豪声电子(838701) - 2023 Q4 - 年度财报